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Jun 15, 2013
06/13
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of the hollowing out of the economy of many places in our country -- think of the hollow out of our economy in many places in our country. more power would be generated by natural gas. hundreds would save of billions of dollars because he would have the last -- lowest gas prices in the world. it would allow us to invest hundreds of billions of dollars in our own country. what should we do? let's approve the xl pipeline for crying out loud. [applause] we should have rational regulation for fracking so we can protect it and keep sustained rather than trying to create rules around it that would make it impossible for to be fully exploited to the benefit of job creation in our country. we should open up federal lands and waters. it should to magically increase for our country's economic security. -- it should dramatically increase for our country's economic security. asneed to the energy secure fast as possible. we should great short-term incentives for natural gas and transportation for freight and trucking. 3 million barrels per day of oil and diesel is used. if the cut that in half, 1.5 mill
of the hollowing out of the economy of many places in our country -- think of the hollow out of our economy in many places in our country. more power would be generated by natural gas. hundreds would save of billions of dollars because he would have the last -- lowest gas prices in the world. it would allow us to invest hundreds of billions of dollars in our own country. what should we do? let's approve the xl pipeline for crying out loud. [applause] we should have rational regulation for...
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Jun 18, 2013
06/13
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we have a slow-growing economy. despite those challenges, and the things that strikes me is some people are starting talk about a new normal. i think as citizens, as leaders of the enterprise, whether it is business or policy or politics, we owe it to the american citizenry to reject that new normal notion. i am here to tell you today that energy provides us an opportunity to do just that. people are already working on it, right? vice chair of the atlanta federal reserve board and monetary policy is doing everything they can do from a fiscal policy standpoint, a lot more work needs to be done. i consider fiscal policy right now. i want you to consider something that i live with everyday. when i consider the families we serve in the southeast, 48% of these families take less than $40,000 a day. these days -- these families make tough kitchen table decisions every day. the question i put to you and to myself and anybody ideal with, why can't we? i think we owe it to america to address these tough issues and and a way
we have a slow-growing economy. despite those challenges, and the things that strikes me is some people are starting talk about a new normal. i think as citizens, as leaders of the enterprise, whether it is business or policy or politics, we owe it to the american citizenry to reject that new normal notion. i am here to tell you today that energy provides us an opportunity to do just that. people are already working on it, right? vice chair of the atlanta federal reserve board and monetary...
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Jun 22, 2013
06/13
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how do you assess the global economy and the u.s. economy, and the extent to which there is any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge imbalances out there. what i find startling is there are so many things -- which nothing is happening. for example, the european central bank had this huge trillion-euro rise a couple years ago of the assets in their balance sheet. then it came down a little bit. and for the last several months it has been absolutely flat. in other words, the extent to hich nothing is happening. it is just not credible with the huge amount of assets in central been spelling seats -- central bank balance sheets. there is very little of that spilling over into the mark
how do you assess the global economy and the u.s. economy, and the extent to which there is any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge...
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Jun 18, 2013
06/13
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economy and 85 billion pounds to the rest of the world. two million extra jobs, more choice and lower prices in our shops. we're talking about what could be the biggest bilateral trade deal in history. a deal that will have a greater impact than all the other trade deals put together. when we last met at camp david and suggested we could reach this moment many doubted it would be possible. everyone knows these trade deals are difficult. some take years to get off the ground and some never happen at all. it's a testament to the leadership of everyone here we've reached this point. we must maintain that political will in the months ahead. -- once in a generation opportunity and we must seize it. >> today we announced we will start negotiations of a transatlantic trade and partnership agreement. frankly, two years ago few bet that today we'd be in a position to launch negotiations of an ambitious united states free trade agreement. and when the teams of the commission will meet for the first round of negotiations next month, it will be the st
economy and 85 billion pounds to the rest of the world. two million extra jobs, more choice and lower prices in our shops. we're talking about what could be the biggest bilateral trade deal in history. a deal that will have a greater impact than all the other trade deals put together. when we last met at camp david and suggested we could reach this moment many doubted it would be possible. everyone knows these trade deals are difficult. some take years to get off the ground and some never...
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Jun 17, 2013
06/13
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economy at that point. we were afraid receivership would kill the marketplace, so conservatorship was the right decision in my mind. starte need to do is doing some of the experimentation. i talk about the multifamily market. there is a risk sharing in that market and it works well. they came through this crisis with hardly a hiccup. even withre examples, fannie and freddie, of what works. ed will be able to do things on the single family side as well. doing a case study as freddie has on multifamily, lower people taking the first risk. building up mortgage insurers is a good sign that things are coming back. i would even think, maybe freddie and fannie -- which they had in the past at one point -- issue rmbs without insurance and see what that price is. why not? it might cost them a little money. they have some money to spare at this point. isjim, your current position at investment prospects, looking -- working with banks across the globe literally. if i could get some free counsel from you now, if i was
economy at that point. we were afraid receivership would kill the marketplace, so conservatorship was the right decision in my mind. starte need to do is doing some of the experimentation. i talk about the multifamily market. there is a risk sharing in that market and it works well. they came through this crisis with hardly a hiccup. even withre examples, fannie and freddie, of what works. ed will be able to do things on the single family side as well. doing a case study as freddie has on...
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Jun 21, 2013
06/13
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the economy is improving, just slowly. that is why you are not seeing everyone who wants to get a job get a job. we still have too many people looking for work for the available positions. somehow we need employers to create more jobs. that is obviously the big question of the recovery, what drives job creation and what is the spark that will get us out of this period of slow growth. we have not been able to find an answer to that. we found a lot of explanations so far of what might be holding employers that, whether consumers who are constrained by weak credit or events abroad in europe or china, holding back demand for companies that export, or could be conditions in the united states that our lawmakers have created, whether through regulation or fiscal policy or some of the other constraints. host: john wohlford, let's look at white-collar, professional and business service hires. may of 2006, 7 years ago. the most recent figures, the spring of 2013. guest: what we have seen in professional business services is it tends
the economy is improving, just slowly. that is why you are not seeing everyone who wants to get a job get a job. we still have too many people looking for work for the available positions. somehow we need employers to create more jobs. that is obviously the big question of the recovery, what drives job creation and what is the spark that will get us out of this period of slow growth. we have not been able to find an answer to that. we found a lot of explanations so far of what might be holding...
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98
Jun 15, 2013
06/13
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the economy is not as strong as it needs to be. we need to get the kind of growth in job creation and wage increases that we have not been seeing, and i think that is making a case. code has been layered upon layer of change, and it is time to look at it again, and that's what we are trying to do. >> let me do a little bit of timekeeping here and tell you where we are going next. we are going to kim dixon next. a gentleman here whose name i'm blanking on -- having a senior moment, i'm sorry. that should take care of us. >> [inaudible] can you be a little more specific? >> my style -- to work with my committee. these sessions, these options are bipartisan, members-only, and they are terrific. we are working together. one advantage to know major reform since 1986 is a lot of senators need to learn a lot more about the code, what is in it, and that is an advantage. the senators mutually asked lots of questions of staff at these meetings. it brings us together. we are talking together and a -- and a non-adversarial manner -- in a non-a
the economy is not as strong as it needs to be. we need to get the kind of growth in job creation and wage increases that we have not been seeing, and i think that is making a case. code has been layered upon layer of change, and it is time to look at it again, and that's what we are trying to do. >> let me do a little bit of timekeeping here and tell you where we are going next. we are going to kim dixon next. a gentleman here whose name i'm blanking on -- having a senior moment, i'm...